If company bankruptcies are still to come, then bankers' relief may be premature
badly the coronavirus has damaged the economy is tricky. Pessimists diagnose a far worse recession than that which followed the financial crisis. Optimists predict a sharp recovery, pointing to robust banks and housing markets.
That is a stark change from just a few weeks ago. In mid-April, as they reported their first-quarter results, America’s top four lenders unveiled $24.1bn in provisions for credit losses, a jump of $18.7bn compared with the first quarter of 2019. JPMorgan increased its provision by nearly $6.9bn, hitting in one quarter the level it had reached in six during the financial crisis. Europe’s lenders also booked bad news.
Relief may be premature, though. Central-bank and government action has bought borrowers time. Cheap state-backed loans are keeping firms and households afloat. No one knows how many borrowers will find themselves overburdened with debt when normal payment terms resume later in the year. That is especially true of consumer borrowers, up to a fifth of whom have asked for payment holidays.
日本 最新ニュース, 日本 見出し
Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。
'Why I Severed Ties Between My Gym And CrossFit Over Black Lives Matter''The word CrossFit doesn't define who we are as a community.'
続きを読む »
Why people are moving to Frisco, Texas: Homes, schools, economy - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
続きを読む »
Why you should have more than one credit cardHaving multiple credit cards can either help or harm your credit score, but here are three reasons why CNBC Select recommends having more than just one.
続きを読む »
Why Emotional Intelligence Is Crucial to Raising BoysTraditionally, boys aren’t encouraged to build an emotional vocabulary. Dads, in particular, can help change that.
続きを読む »
If West Point required COVID precautions, why not Trump rallies?Donald Trump will hold rallies soon after his West Point speech, which was conducted with COVID-19 precautions. If West Point required COVID-19 prevention measures, why won’t Trump’s rally organizers do the same? Washington Post columnist Jennifer Rubin joins MSNBC’s Ayman Mohyeldin in for Joy Reid to discuss.
続きを読む »
D.C. National Guardsman on Why He Joined Chant with Protesters in Viral MomentThe D.C. National Guardsman who chanted with protesters explains why, and what he wants people to keep in mind.
続きを読む »